Novare Capital Management LLC Invests $401,000 in Citigroup Inc. (NYSE:C)

Novare Capital Management LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,651 shares of the company's stock, valued at approximately $401,000.

A number of other large investors also recently modified their holdings of C. Orion Capital Management LLC bought a new position in Citigroup during the 4th quarter worth approximately $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the first quarter valued at about $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup in the 4th quarter worth approximately $34,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the 4th quarter worth approximately $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on C shares. The Goldman Sachs Group lifted their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Truist Financial lifted their price target on shares of Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley lifted their price target on shares of Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Royal Bank Of Canada dropped their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Finally, TD Cowen initiated coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.37.

Citigroup Stock Up 0.2%

Shares of C stock traded up $0.19 during mid-day trading on Wednesday, hitting $85.76. The company's stock had a trading volume of 7,341,317 shares, compared to its average volume of 14,661,778. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $88.83. The business has a 50-day moving average price of $77.35 and a 200 day moving average price of $74.45. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $160.18 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.68 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company's stock.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.